CoreWeave, a company backed by NVIDIA and focused on artificial intelligence infrastructure, is in talks to acquire bitcoin miner Core Scientific. The acquisition deal, valued at approximately $9 billion, involves CoreWeave purchasing Core Scientific for $20.40 per diluted share through an all-stock transaction with an exchange ratio of 0.1235 shares of CoreWeave per Core Scientific share. Core Scientific's market capitalization stands at around $4.95 billion, and the estimated profits from its current contracts exceed its market cap by about $2.8 billion. Despite the potential strategic benefits, Core Scientific's share price declined following the announcement, attributed by analysts to investor disappointment over the all-stock nature of the deal and the absence of protective measures against CoreWeave's share price volatility. Stifel downgraded CoreWeave's stock to hold from buy, citing uncertainties surrounding the acquisition, though it raised its price target to $115 from $75. Conversely, Argus initiated coverage on CoreWeave with a buy rating and a $200 price target, highlighting rapid growth in AI infrastructure demand. The acquisition is viewed as a move to secure ready-built data centers and power agreements necessary to meet increasing AI demand. Following the deal, CoreWeave shares rose up to 12% in pre-market trading and extended gains up to 8% during regular trading. Additionally, CoreWeave announced plans to invest up to $6 billion to establish a 100-megawatt AI data center in Lancaster, Pennsylvania, which will create 175 jobs and has potential expansion plans to 300 megawatts. This investment underscores CoreWeave's commitment to expanding AI infrastructure in the United States.